Leading Chinese car manufacturer FAW Group Co., Ltd. sold nearly 1.06 million vehicles in the first quarter of 2021, up 74.3% over the same period last year. General Motors Co. and its joint venture in China sold over 780,000 vehicles in China in the first quarter of 2021, up 69% year on year.
The American automaker linked its sales growth in China to luxury and premium vehicles, midsize and full-size SUVs, and multi-purpose vehicles, Detroit News reported today.
Meanwhile, joint ventures FAW-Volkswagen and FAW Toyota reported 72.4% and 76.6% sales growth to 550,869 units and 217,102 units, respectively. Sales of the SAIC-GM-Wuling brand doubled to over 347,000 units, while sales of the Baojun brand grew 5 percent.
Founded in 1953 in Changchun, northeastern China, FAW Group is considered the cradle of the Chinese auto industry.
